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comment by Cycling_Nomad
Cycling_Nomad  ·  3421 days ago  ·  link  ·    ·  parent  ·  post: China's Stock Market Crash, Explained

I've been trying to talk to people about China's bubble for about a month now. It has been all over CNBC this morning. I'm amazed that so many people are unaware of the issues facing Chinese markets at the moment. They are just now waking up to it as the shit hits the proverbial fan. This shares a lot of similarities to how the United States, Japan and others have handled their issues in the past (not well at all). It is fascinating to see the same mistakes made over and over again.





nota999  ·  3421 days ago  ·  link  ·  

Foreign Affairs at least talked about it a bit in their recent issue on China. Without going back and rereading the article itself, Zhiwu Chen's "China's Dangerous Debt" talks about China's economic problem.

amouseinmyhouse  ·  3421 days ago  ·  link  ·  

I have to say that I'm one of the uneducated. From what I've seen they crashed in 08 just like everyone else, so I'm curious to find out what's leading to this second crash.

Any suggestions on where I should look or what I should know about Chinese economy?

Cycling_Nomad  ·  3421 days ago  ·  link  ·  

I think that Vox article is a good introduction to some of the issues that China is dealing with at the moment.

What in particular did you want to know more about?

amouseinmyhouse  ·  3421 days ago  ·  link  ·  

The problem is I don't know what I don't know. Klein used an interesting new phrase to me "market/command economy" which seems like a fascinating idea.

Mostly I'm just getting into foreign affairs and there's a large learning curve to breech the subject. I don't have questions in particular, I'm more so looking for anything that I can digest into the larger picture.